Financial Daily from THE HINDU group of publications
Tuesday, December 07, 2004

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Govt not to privatise profit-making PSUs — Stake may be diluted further: Montek
THE UPA Government may further dilute its stake in profit-making public sector undertakings (PSUs), but will not privatise them, the Deputy Chairman of the Planning Commission, Dr Montek Singh Ahluwalia, has said. "I don't think you are going ... More

FIIs inject $1 b in a week; inflows cross $8 billion
FOREIGN institutional investors (FIIs) continued to repose faith in India's capital market with their net investment crossing $1 billion in just a week's time. Net inflows crossed $8 billion (until December 3, 2004) this year, the highest in a ... More

Kamal Nath stays mum on Press Note 18
The Minister for Commerce and Industry, Mr Kamal Nath, failed to announce what prospective foreign investors attending the India Economic Summit here would have liked to hear most. More so when the policy amendment, which would have been music to ... More

Labour Minister to take up EPF interest with PM
THE new Labour Minister, Mr K. Chandrasekhar Rao, on Monday assured the members of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) that he would make all possible efforts to fix the rate of interest ... More

Rupee breaches 44-mark to touch 8-month high
THE rupee breached the psychological 44-mark on Monday to finish at an eight month closing high at 43.6350/6450 against the dollar. The domestic currency had last seen similar closing levels on April 12, when it had ended at 43.64/65 per ... More

Sterling buys remaining 35 pc in Barista from Tatas
THE Sterling Infotech Group has acquired the remaining 35 per cent stake in Barista Coffee Company Ltd from Tata Coffee Ltd, making it a wholly-owned entity of the group, a company press release said. Financial details of the deal that was ... More

Reliance Energy forms leadership council
The company spokesperson reiterated that the REL board had asked the six directors to "reconsider" their resignations. More

Ambanis seek `settlement' proof from Mukesh
THE battle lines are finally being drawn between the two Ambani brothers, Mr Mukesh and Mr Anil, over control of Reliance. As a precursor to what may have far-reaching consequences for the Rs 90,000-crore Reliance empire, the Ambani family ... More

ICICI Bank plans ADR
MUMBAI: ICICI Bank proposes to go in for a sponsored ADR issue. The board will meet on December 13 to "consider a proposal for sponsoring an issue of ADRs against existing shares held by its shareholders". ... More

Partial sell-off in IT stocks dampens mood
AFTER breaching their all-time high levels during the last few sessions, the stock markets continued to stay rock steady on Monday. The major indices were actually set in mode for another round of increases during the first session of the week. ... More

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